Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: HTX against ApeX Omni−0.006%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$53 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.006%, 7d avg −0.125%

Together, before fees−0.597%−$60 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.119% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	143.59	0.0100	pay 0.0013% / 1h	15m 27s	$133K	$221K	50x
Short	HTX AAVE-USDT	143.58	0.0100	get 0.0100% / 8h	2h 15m	$682K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.125%: $11.94
Slippage, 4 orders: −$42.4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$52.46
Costs to cover: 0.644%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 31 min ago; HTX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 31 min ago	4.90 bp	13.6 bp −$14	106.2 bp −$1,062	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	10.37 bp	21.6 bp −$22	59.5 bp −$595	doesn't fit	doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX AAVE-USD	0.0000%	1h	143.46	−0.087%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.39	−0.139%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.41	−0.125%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.52	−0.047%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0024%	1h	143.50	−0.066%	$837K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.617%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.50	−0.064%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.52	−0.049%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0097%	8h	143.40	−0.132%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.50	−0.063%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	143.56	−0.018%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	−0.003%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.54	−0.036%	$64.5M	$191.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.51	−0.056%	$61.6M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.49	−0.070%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.63	+0.028%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.912%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.52	−0.049%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.56	−0.021%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.56	−0.021%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.53	−0.042%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.52	−0.049%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.41	−0.124%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.49	−0.067%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.47	−0.084%	$457K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	143.59	long leg	$133K	$221K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.60	+0.007%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.45	−0.100%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.46	−0.091%	$5K	$313K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	143.58	−0.006%	$682K	$5.2M	75x
Extended AAVE-USD	+0.0104%	1h	143.46	−0.093%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.43	−0.110%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0109%	1h	143.71	+0.084%	$78.5M	$37.2M	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.58	−0.007%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0118%	1h	143.58	−0.007%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0157%	1h	143.59	0.000%	$340K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.60	+0.004%	$194K	$257K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.53	−0.042%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.56	−0.024%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	143.75	+0.110%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.51	−0.053%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.44	−0.104%	$765K	$2.9M	50x	as long as short